JAMES BISGROVE has hailed the 'landmark' agreement with Castore as Rangers look to realise the financial benefits of their new retail deal in the coming years.

Rangers announced a long-term, multi-million pound contract with the Liverpool-based firm earlier this year and launched the revamped Store at Ibrox in the summer.

The financial boost provided by the sale of shirts and other merchandise items was not part of the latest accounts that showed a loss of £15.9million on revenue of around £60million to year end June 2020.

And Bisgrove, the Light Blues' Director of Commercial and Marketing, is confident Rangers will reap significant rewards now that they can maximise their retail income following the end of their long-running dispute with Sports Direct.

Bisgrove said: "The new partnership with Castore represented a landmark commercial breakthrough for the football club, not least as all our previous kit and retail agreements came to a welcomed end, as was widely reported in the summer.

"Whilst the commercial boost from the Castore deal was not reflected in the 2019/20 accounts, the signing of a new retail agreement was a significant milestone for our club on several levels and will be felt for many years to come.

"Turning around a wide range of Rangers products and launching a kit and training range in a three month window, when every other kit manufacturer works to 18 month-lead times, in the middle of a pandemic, was a monumental achievement by Castore. The lengths and costs they went to were unprecedented because they wanted to deliver for the Rangers support.

"The uptake on Rangers’ Castore products so far has been remarkable, but not unexpected given the backing the supporters give our club.

"In the first quarter of our partnership, over 200,000 Rangers’ products had been sold - these are unbelievable numbers and clearly have a direct and positive impact on our commercial revenues moving forward.

"The launch of our new online store was another long-awaited development for the football club, which integrated seamlessly with our new industry leading club website.

"Furthermore, the new Rangers Store at Ibrox is a daily reminder of the strides our club has taken. We look forward to a bustling store when fans return to Ibrox very soon, along with the Official Rangers Store at Buchanan Galleries and others that are set to open in 2021, including Glasgow Airport.

"I’ve spent a great deal of time with Castore’s founders, Tom and Phil Beahon and their management team and Castore are proving themselves to be an innovative, premium brand with a real challenger mentality.

"With the luxury of a clear run at the 21/22 kit launches, we are incredibly excited about next seasons anniversary kit range and I know Castore are committed to delivering both high levels of product quality and customer service to Rangers support."